Short Interest in Advanced Micro Devices, Inc. (AMD) Declines By 6.4%

Advanced Micro Devices, Inc. (NASDAQ:AMD) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 164,589,234 shares, a decline of 6.4% from the January 12th total of 175,829,589 shares. Based on an average trading volume of 58,349,570 shares, the days-to-cover ratio is presently 2.8 days. Currently, 18.3% of the company’s stock are sold short.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Vetr raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $13.28 price target on the stock in a report on Monday, February 5th. BidaskClub downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Susquehanna Bancshares cut their price target on shares of Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Finally, Argus raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the stock from $13.74 to $18.00 in a report on Thursday, February 1st. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.87.

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In related news, insider Mark D. Papermaster sold 100,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $11.57, for a total value of $1,157,000.00. Following the transaction, the insider now directly owns 1,057,949 shares of the company’s stock, valued at approximately $12,240,469.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP James Robert Anderson sold 20,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $11.44, for a total transaction of $228,800.00. Following the completion of the transaction, the senior vice president now directly owns 473,773 shares in the company, valued at $5,419,963.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,394,119 shares of company stock worth $15,639,964 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $102,000. Chilton Investment Co. LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $103,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Advanced Micro Devices by 1,655.2% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after buying an additional 8,243 shares during the period. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices during the third quarter valued at about $127,000. Finally, 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter valued at about $128,000. Hedge funds and other institutional investors own 60.94% of the company’s stock.

Shares of Advanced Micro Devices (AMD) opened at $11.68 on Tuesday. The company has a market cap of $11,270.00, a PE ratio of 389.33, a price-to-earnings-growth ratio of 4.82 and a beta of 2.70. Advanced Micro Devices has a fifty-two week low of $9.70 and a fifty-two week high of $15.65. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned ($0.01) earnings per share. The company’s revenue was up 33.8% compared to the same quarter last year. equities research analysts anticipate that Advanced Micro Devices will post 0.3 EPS for the current year.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.